boutique 3693 m²

• Agioi Anargiroi, Athens - West
• 12/06/2025

Athens, Agioi Anargyroi & Crete, Ierapetra: Two income properties are being sold en bloc in Athens and Crete, totaling 3693 sq m, with €425,220 annual income from both together, i.e. 7.1% return on the price of €6,000,000.

More specifically, these are two newly built corporate stores of AB Vassilopoulos (the tenant) leased for 25 years each from developer Ten Brinke (the landlord). They belong to a special purpose company and upon sale the company is transferred.

The Agioi Anargyroi store is in a 2,442 sq m building on a 1,150 sq m plot. and is built in 2024 and leased from 8/2024 for 25 years at €20,500 per month with annual inflation adjustment.

The Ierapetra store is in a 1,251 sq m building on a 2,185 sq m plot and is built in 2023 and leased from 4/2023 for 25 years at €14,935 per month with annual inflation adjustment.

Price €6,000,000 | Property Code: #19279